2007 REGISTRATION DOCUMENT

CONSOLIDATED FINANCIAL STATEMENTS5Notes to the financial s tatements p repared in accordance with I nternational Financial Reporting S tandards as adopted by the European Union< Contents >In millions of eurosTrading book31 December 2007 31 December 2006Assets designatedAssets designatedat fair valueat fair valuethrough profitthrough profitor loss TOTAL Trading bookor loss TOTALFINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSSNegotiable certificates of deposit 82,476 554 83,030 48,633 174 48,807Treasury bills and other bills eligible forcentral bank refi nancing 65,077 12 65,089 34,680 9 34,689Other negotiable certifi cates of deposit 17,399 542 17,941 13,953 165 14,118Bonds 121,314 6,488 127,802 131,938 6,577 138,515Government bonds 56,294 491 56,785 66,962 206 67,168Other bonds 65,020 5,997 71,017 64,976 6,371 71,347Equities and other variable-incomesecurities 100,709 43,975 144,684 94,989 42,328 137,317Repurchase agreements 334,033 95 334,128 254,967 103 255,070Loans 2,791 2,351 5,142 231 3,451 3,682to credit institutions - 2,240 2,240 7 3,407 3,414to corporate customers 2,781 111 2,892 214 44 258to private individual customers 10 - 10 10 10Trading book derivatives 236,920 - 236,920 161,467 - 161,467Currency derivatives 23,627 - 23,627 17,799 - 17,799Interest rate derivatives 99,308 - 99,308 78,707 - 78,707Equity derivatives 75,243 - 75,243 51,661 - 51,661Credit derivatives 30,342 - 30,342 9,487 - 9,487Other derivatives 8,400 - 8,400 3,813 - 3,813TOTAL FINANCIAL ASSETS AT FAIRVALUE THROUGH PROFIT OR LOSS 878,243 53,463 931,706 692,225 52,633 744,858of which loaned securities 40,530 40,530 28,307 28,307excluding equities and other variableincomesecurities (note 4.a) 787,022 607,541FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSSBorrowed securities and short selling 116,073 - 116,073 118,987 - 118,987Repurchase agreements 357,386 451 357,837 289,711 - 289,711Borrowings 1,517 2,254 3,771 748 4,392 5,140Credit institutions 811 1,475 2,286 547 1,436 1,983Corporate customers 706 779 1,485 201 2,956 3,157Debt securities - 73,973 73,973 55,279 55,279Trading book derivatives 244,471 - 244,471 184,211 184,211Currency derivatives 26,017 - 26,017 19,242 - 19,242Interest rate derivatives 97,412 - 97,412 79,004 - 79,004Equity derivatives 83,455 - 83,455 71,983 - 71,983Credit derivatives 30,180 - 30,180 9,634 - 9,634Other derivatives 7,407 - 7,407 4,348 - 4,348TOTAL FINANCIAL LIABILITIES ATFAIR VALUE THROUGH PROFIT ORLOSS 719,447 76,678 796,125 593,657 59,671 653,32812345678910112007 Registration document - BNP PARIBAS 153